IIA IIA-CIA-PART3-3P Online Practice Questions and Exam Preparation

IIA IIA-CIA-PART3-3P Online Questions & Answers

• Question 251:

  Much of the following authentication device credentials is the most difficult to revoke when an employee's access rights need to be removed?

  A. A traditional key lock
  B. A biometric device.
  C. A card-key system
  D. A proximity device
  C. A card-key system

• Question 252:

  Which of the following most accurately describes the purpose of application authentication controls?

  A. To ensure that data input into business applications is valid, complete, and accurate.
  B. To prevent or detect errors in data processed using business applications.
  C. To ensure that business applications are protected from unauthorized logical access.
  D. To ensure the validity, accuracy, and completeness of outputs from business applications.
  C. To ensure that business applications are protected from unauthorized logical access.

• Question 253:

  Which of the following are typical audit considerations for a review of authentication?

  1) Authentication policies and evaluation of controls transactions.

  2) Management of passwords, independent reconciliation, and audit trail.

  3) Control self-assessment tools used by management.

  4) Independent verification of data integrity and accuracy.

  A. 1, 2, and 3
  B. 1, 2, and 4
  C. 1, 3, and 4
  D. 2, 3, and 4
  A. 1, 2, and 3

• Question 254:

  Which stage in the industry life cycle is characterized by many different product variations?

  A. Introduction.
  B. Growth.
  C. Maturity.
  D. Decline.
  A. Introduction.

• Question 255:

  The greatest advantage of functional departmentalization is that it:

  A. Facilitates communication between primary functions.
  B. Helps to focus on the achievement of organizational goals.
  C. Provides for efficient use of specialized knowledge
  D. Accommodates geographically dispersed companies
  C. Provides for efficient use of specialized knowledge

• Question 256:

  An organization requires an average of 58 days to convert raw materials into finished products to sell. An average of 42 additional days is required to collect receivables. If the organization takes an average of 10 days to pay for the raw materials, how long is its total cash conversion cycle?

  A. 26 days.
  B. 90 days.
  C. 100 days.
  D. 110 days.
  B. 90 days.

• Question 257:

  Which of the following activities most significantly increases the risk that a bank will make poor-quality loans to its customers?

  A. Borrowers may not sign all required mortgage loan documentation.
  B. Fees paid by the borrower at the time of the loan may not be deposited in a timely manner.
  C. The bank's loan documentation may not meet the government's disclosure requirements.
  D. Loan officers may override the lending criteria established by senior management.
  D. Loan officers may override the lending criteria established by senior management.

• Question 258:

  A retail organization is considering acquiring a composite textile company. The retailer's due diligence team determined the value of the textile company to be $50 million. The financial experts forecasted net present value of future cash flows to be $60 million. Experts at the textile company determined their company's market value to be $55 million if purchased by another entity. However, the textile company could earn more than $70 million from the retail organization due to synergies. Therefore, the textile company is motivated to make the negotiation successful. Which of the following approaches is most likely to result in a successful negotiation?

  A. Develop a bargaining zone that lies between $50 million and $70 million and create sets of outcomes between $50 million and $70 million.
  B. Adopt an added-value negotiating strategy, develop a bargaining zone between $50 million and $70 million, and create sets of outcomes between $50 million and $70 million.
  C. Involve a mediator as a neutral party who can work with the textile company's management to determine a bargaining zone.
  D. Develop a bargaining zone that lies between $55 million and $60 million and create sets of outcomes between $55 million and $60 million.
  D. Develop a bargaining zone that lies between $55 million and $60 million and create sets of outcomes between $55 million and $60 million.

• Question 259:

  An internal auditor is evaluating an organization's business continuity management program According to the guidance on IT. which of the following tests would best demonstrate the ability to perform Key processes without significant problems?

  A. End-to-end testing
  B. IT systems and application walkthrough
  C. Tabletop or boardroom-style testing
  D. Desk check testing
  A. End-to-end testing

• Question 260:

  Which of the following should be included m a company's year-end inventory valuation?

  A. Company goods that were sold during the year free on board shipping point that have been shipped but not yet received by the customer
  B. Goods purchased by the company free on board destination mat have not yet been received
  C. Goods on consignment, which the company is trying to sell for its customers
  D. Company goods tor sale on consignment at a consignment shop
  A. Company goods that were sold during the year free on board shipping point that have been shipped but not yet received by the customer